The 2016 Democratic Party Presidential Primaries And Caucuses

The 2016 Democratic Party presidential primaries and caucuses is an ongoing heated battle between Hillary Clinton and Bernie Sanders. One of the most prominent topic is the issue of student debt. According to the Federal Reserve Bank of New York, student loans have quadrupled since 2004, to $1.2 trillion (Brown). This insurmountable debt is an astronomical problem for Americans today and more so, for future Americans. College tuition have been rising for the past 40 years and will continue to do so exponentially. In an asset management report done by J.P.Morgan in 2014, the firm projects the cost of private universities to be at roughly $90,000, and $40,000 for public four-year universities in the year of 2030 (Badkar). If the government remains dormant toward this issue, college students 20 years from now, will be burdened by an even bigger pile of debt. The average American’s financial ability and confidence is being crushed by this mountain of student debt. In turn, more and more people are not able to purchase their own house, or start their own business due to the pressure of paying back their overwhelming student loans. America, being a consumer economy and 60 percent of jobs are created by small businesses, this rising college tuition cost is affecting the majority of Americans and having a crippling effect on the whole economic system (Korkki). With the 2016 presidential election on the horizon, both candidates from the Democratic party had already addressed theirShow MoreRelatedThe Constitution Of The United States1433 Words   |  6 Pagespreserving the rights of the people. The Framers envisioned that keeping power within the people would help democratic participation, where voting embodied equality for all. In an effort to increase the practice of democratic participation, the Framers instituted a Constitution with open interpretation, which has allowed political parties to dominate the process. 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